2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.3 %
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7.2 %
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7.5 %
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7.4 %
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Detailed explanation-1: -“Growth in India is set to decline from 6.8% in 2022-23 to 6.1% in 2023-24, before picking up to 6.8% in 2024, with resilient domestic demand despite external headwinds, ” according to the IMF World Economic Outlook update, titled Inflation Peaking amid Low growth.
Detailed explanation-2: -Real GDP is projected to grow at 6.8 percent and 6.1 percent in FY2022/23 and FY2023/24 respectively. Reflecting broad‑based price pressures, inflation is projected at 6.9 percent in FY2022/2023 and is expected to moderate only gradually over the next year.
Detailed explanation-3: -"For India, the 2022 real GDP growth projections have been lowered to 7 per cent from 7.7 per cent. The downward revision assumes higher inflation, high-interest rates and slowing global growth will dampen economic momentum by more than we had previously expected, ” the agency said in its Global Macro Outlook 2023-24.